Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its operating metrics for July 2024.
The brokerage registered 2.756 million Daily Average Revenue Trades (DARTs) in July 2024, 38% higher than prior year and 12% higher than prior month.
Ending client equity was $509.5 billion, 32% higher than prior year and 2% higher than prior month. The number of client accounts reached 3.00 million, 29% higher than prior year and 2% higher than prior month.
The average commission per cleared Commissionable Order was $2.78 including exchange, clearing and regulatory fees.
Interactive Brokers has recently posted its financial results for the second quarter of 2024.
Reported net revenues were $1,230 million for the quarter to end-June 2024 and $1,290 million as adjusted. For the year-ago quarter, reported net revenues were $1,000 million and $1,064 million as adjusted.
Reported income before income taxes was $880 million for the second quarter of 2024 and $940 million as adjusted.
Commission revenue increased 26% to $406 million on higher customer trading volumes. Customer trading volume in options, stocks and futures increased 35%, 26% and 10%, respectively.
Net interest income increased 14% to $792 million on higher benchmark interest rates, customer margin loans and customer credit balances. Other fees and services increased $21 million, or 45%, to $68 million, driven primarily by increases of $14 million in risk exposure fees and $3 million each in payments for order flow from exchange-mandated programs and FDIC sweep program fees.
